Annual Report 2013
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EMD Oil Shale Committee
EMD Oil Shale Committee 2017 EMD Oil Shale Committee Report Justin E. Birdwell (Chair), U.S. Geological Survey November 29, 2017 Vice-Chairs: • Gerald Daub (Vice-Chair: Industry), Daub & Associates, Inc. • Dr. Lauren Birgenheier (Vice-Chair: University), University of Utah • Michael D. Vanden Berg (Vice-Chair: Government), Utah Geological Survey Advisory Group: • Dr. Alan K. Burnham, Stanford University • Dr. Jeremy Boak, Oklahoma Geological Survey, University of Oklahoma • Mr. Ronald C. Johnson, U.S. Geological Survey Special Consultants to the Committee: • John Parsons, QER Pty Ltd • Gary Aho, Sage Geotech • Indrek Aarna, Eesti Energia • Rikki Hrenko-Browning, Enefit American Oil • Ryan Clerico, Enefit American Oil • Alex Bocock, Red Leaf Resources • Christopher Hopkins, Canshale Corp. • Steven Kerr, Millcreek Mining Group • Steven Odut, Thyssenkrupp • Pierre Allix, Total S.A. EXECUTIVE SUMMARY Low oil prices continue to hamper oil shale development around the world. Although new production capacity in Estonia and China has come online recently, efforts in other places are on indefinite hiatus or are well behind schedule relative to what was anticipated just a few years ago. The current status remains in flux, and recent developments in conventional and unconventional crude oil plays in the United States and elsewhere indicate this will not change anytime soon. Oil shale continues to be mined processed in China and Brazil, but production updates for 2016 were not available as of the preparation of this report. In Estonia, Eesti Energia (Enefit) continued development of their co-generation Auvere power plant that is designed to utilize both oil shale and other fuel sources (wood chips, peat, gas). -
Secure Fuels from Domestic Resources ______Profiles of Companies Engaged in Domestic Oil Shale and Tar Sands Resource and Technology Development
5th Edition Secure Fuels from Domestic Resources ______________________________________________________________________________ Profiles of Companies Engaged in Domestic Oil Shale and Tar Sands Resource and Technology Development Prepared by INTEK, Inc. For the U.S. Department of Energy • Office of Petroleum Reserves Naval Petroleum and Oil Shale Reserves Fifth Edition: September 2011 Note to Readers Regarding the Revised Edition (September 2011) This report was originally prepared for the U.S. Department of Energy in June 2007. The report and its contents have since been revised and updated to reflect changes and progress that have occurred in the domestic oil shale and tar sands industries since the first release and to include profiles of additional companies engaged in oil shale and tar sands resource and technology development. Each of the companies profiled in the original report has been extended the opportunity to update its profile to reflect progress, current activities and future plans. Acknowledgements This report was prepared by INTEK, Inc. for the U.S. Department of Energy, Office of Petroleum Reserves, Naval Petroleum and Oil Shale Reserves (DOE/NPOSR) as a part of the AOC Petroleum Support Services, LLC (AOC- PSS) Contract Number DE-FE0000175 (Task 30). Mr. Khosrow Biglarbigi of INTEK, Inc. served as the Project Manager. AOC-PSS and INTEK, Inc. wish to acknowledge the efforts of representatives of the companies that provided information, drafted revised or reviewed company profiles, or addressed technical issues associated with their companies, technologies, and project efforts. Special recognition is also due to those who directly performed the work on this report. Mr. Peter M. Crawford, Director at INTEK, Inc., served as the principal author of the report. -
Annual Report 2012
Annual Report 2012 Aastaaruanne 2012 Kaane kujundus alles tuleb Creating New Energy! We will release the Group’s consolidated interim reports for the financial year 2013 as follows: Corporate • 1st quarter – 30 April 2013 Social Responsibility 2012 • 2nd quarter – 31 July 2013 • 3rd quarter – 31 October 2013 The audited results for the financial year 2013 will be released on 28 February 2014 Click here to read the Corporate Social Responsibility Report www.energia.ee/en/investor Contents Address by the Chairman of the Management Board 5 In Brief 7 Strategy 11 Business Environment 15 Financial Results 22 Environment 45 Corporate Governance 49 Consolidated Financial Statements 71 Consolidated Financial Statements Consolidated Income Statement 71 23 Trade and Other Payables 131 24 Deferred Income 131 Consolidated Statement of Comprehensive Income 72 25 Provisions 132 26 Revenue 134 Consolidated Statement of Financial Position 73 27 Other Operating Income 134 Consolidated Statement of Cash Flows 74 28 Raw Materials and Consumables Used 135 29 Payroll Expenses 135 Consolidated Statement of Changes in Equity 75 30 Other Operating Expenses 136 31 Net Financial Income (-expense) 136 Notes to the Consolidated Financial statements 76 32 Corporate Income Tax 136 1 General Information 76 33 Cash Generated From Operations 137 2 Summary of Principal Accounting and Reporting Policies 76 34 Off-balance Sheet Assets, Contingent Liabilities and Commitments 137 3 Financial risk management 97 35 Assets and Liabilites of Disposal Group Classified as Held -
Aastaaruanne 2017 (PDF)
EESTI ENERGIA AASTAARUANNE 2017 ContentsSisukord Juhatuse esimehe pöördumine 3 Eesti Energia konsolideeritud raamatupidamise aastaaruanded 106 Lühidalt Eesti Energiast 7 Konsolideeritud kasumiaruanne 108 Kontserni tegevus- ja finantsnäitajad 11 Konsolideeritud koondkasumiaruanne 109 Tähtsamad sündmused 2017. aastal 12 Konsolideeritud finantsseisundi aruanne 110 Tegevuskeskkond 13 Konsolideeritud rahavoogude aruanne 111 Strateegia 22 Konsolideeritud omakapitali muutuste aruanne 112 Hoolime oma klientidest 33 Konsolideeritud raamatupidamise aastaaruande lisad 113 Hoiame keskkonda 39 Anname ühiskonnale tagasi 48 Audiitori aruanne 186 Meie inimesed 53 Kasumi jaotamise ettepanek 193 Maksujalajälg 61 Sõnastik 195 Ühingujuhtimine 65 Investori informatsioon 196 Riskijuhtimine 78 Majandustulemused 83 Elektrienergia 85 Võrguteenus 88 Vedelkütused 90 Muud tooted ja teenused 92 Rahavood 94 Investeeringud 97 Finantseerimine 101 2018. aasta väljavaade 104 Juhatuse esimehe Eesti Energia aastaaruanne 2017 3 pöördumine Hea lugeja! Tegevuskeskkond meie ümber on suurtes muutustes. Ollakse arusaamisel, et energiatootmine peab puhtamaks muutuma. Samal ajal tiheneb konkurents kõigis valdkondades, kus Eesti Energia tegutseb: ka meie viimane reguleeritud tegevusala – võrguteenus – on aina enam muutumas konkurentsiäriks. Et suudaksime tegevuskeskkonnas toimuvate muutustega toime HANDO SUTTER I Juhatuse esimees tulla ja konkurentsis püsida, vaatame igal aastal üle Eesti Energia strateegilise tegevuskava. 2017. aastal uuendasime kasvule ja puhtamale energiale suunatud -
20120316 Eesti Energia Roadshow Presentation Final
Eesti Energia Investor Presentation 19 March 2012 Disclaimer This presentation and any materials distributed or made available in connection herewith (collectively, the “presentation”) have been prepared by Eesti Energia AS (the “Company”) solely for your use and benefit for information purposes only. By accessing, downloading, reading or otherwise making available to yourself any content of the presentation, in whole or in part, you hereby agree to be bound by the following limitations and accept the terms and conditions as set out below. You are only authorized to view, print and retain a copy of the presentation solely for your own use. No information contained in the presentation may be reproduced, redistributed or the contents otherwise divulged, directly or indirectly, in whole or in part, in any form by any means and for any purpose to any other person than your directors, officers, employees or those persons retained to advise you, who agree to be bound by the limitations set out herein. The presentation does not constitute or form part of, and should not be construed as, an offer, solicitation or invitation to subscribe for, underwrite or otherwise acquire, any securities of the Company or of any member of its group nor should it or any part of it form the basis of, or be relied on in connection with, any contract to purchase or subscribe for any securities of the Company or of any member of its group, nor any other contract or commitment whatsoever. Any person considering the purchase of any securities of the Company must inform himself or herself independently before taking any investment decision. -
Comments – Enefit American Oil Utility Corridor Project DEIS
June 14, 2016 Vernal Field Office, BLM Attn: Stephanie Howard 170 South 500 East Vernal, UT 84078 RE: Comments – Enefit American Oil Utility Corridor Project DEIS Reviewers: Thank you for the opportunity to provide comments on the Enefit American Oil (Enefit) Utility Corridor Project, DOI-BLM-UT-G010-2014-0007-EIS (Utility Corridor DEIS). We appreciate your time, and attention to this issue. We are submitting these comments on behalf of the Grand Canyon Trust, Living Rivers, Sierra Club, Southern Utah Wilderness Alliance, Western Resource Advocates, the WaterKeeper Alliance, American Rivers, the Natural Resource Defense Council, the Center for Biological Diversity, The Wilderness Society, Utah Physicians for a Healthy Environment, the Science and Environmental Health Network, Wildearth Guardians, and Earthjustice (on behalf of the Grand Canyon Trust). I. Introduction The purpose of the proposed rights-of-way is to promote an unprecedented and uniquely destructive project in the Upper Colorado River Basin. Enefit’s “South Project,” located in northeastern Utah near the White and Green Rivers, will attempt to take a pre-petroleum found within rock – oil shale – bake it at high temperatures, and turn it into a liquid synthetic crude oil. Enefit hopes to produce 50,000 barrels a day at the facility for 30 years. With the subsidy of rights-of-way over federal public land for power, fuel, water, and roads, Enefit plans to: - build a half-square mile industrial complex in the desert – the first commercial-scale oil shale operation in the United -
SOCIAL RESPONSIBILITY and SUSTAINABLE DEVELOPMENT REPORT 2008-2009 VKG – the Biggest Estonian Manufacturer of Shale Oils and Chemicals
VIRU KEEMIA GRUPP JSC SOCIAL RESPONSIBILITY AND SUSTAINABLE DEVELOPMENT REPORT 2008-2009 VKG – The Biggest Estonian Manufacturer of Shale Oils and Chemicals Viru Keemia Grupp, established KEY EVENTS, 2008-2009 VKG obtained a research and mining license The year 2009 was difficult for the enterprise in 1999, belongs to the biggest chemical for 350 mln tons of oil shale in Boltyski comparing to previous years: many enterprises in Estonia producing and deposit in Ukraine. investments have been postponed, such as construction of a cement plant and a new marketing shale oils. May, 2008 – the first sulphur recovery unit at turbine generator set. But due to this fact VKG Energia started its operation. Its price the construction of Ojamaa mine could start amounted to appr. 150 mln kroons. and the new oil shale processing plant could be inaugurated. The present sustainable development December, 2009 – construction of a new oil shale processing plant was completed. report has been published for the first time This plant will increase the enterprise`s performance by 40 % in 2010. in the history of the enterprise. Construction of a slant shaft has been We would like to bring into focus the started at Ojamaa mine. importance of environment protection and regional development in the activity Thous. kroons 2006 2007 2008 2009* 2010 forecasT of our enterprise. sales revenue 1 503 614 1 787 066 2 057 776 1 667 275 2 000 000 commercial profit 307 308 330 821 295 830 188 447 360 000 net profit 299 027 293 924 230 625 120 676 300 000 * Non-audited data 3 SOCIAL RESPONSIBILITY AND SUSTAINABLE DEVELOPMENT REPORT 2008-2009 sales revenue by services, 2009 During these last seven years Viru Keemia Grupp has spent over 900 mln kroons invested in environment protection and operational safety, as well as appr. -
Legislative Hearing Committee on Natural Resources U.S
H.R.l: ‘‘AMERICAN-MADE ENERGY AND INFRASTRUCTURE JOBS ACT’’; H.R.l: ‘‘ALASKAN ENERGY FOR AMERICAN JOBS ACT’’; H.R.l: ‘‘PROTECTING INVESTMENT IN OIL SHALE: THE NEXT GENERATION OF ENVIRONMENTAL, ENERGY, AND RE- SOURCE SECURITY ACT’’ (PIONEERS ACT); AND H.R. l: COAL MINER EMPLOY- MENT AND DOMESTIC ENERGY INFRA- STRUCTURE PROTECTION ACT.’’ LEGISLATIVE HEARING BEFORE THE SUBCOMMITTEE ON ENERGY AND MINERAL RESOURCES OF THE COMMITTEE ON NATURAL RESOURCES U.S. HOUSE OF REPRESENTATIVES ONE HUNDRED TWELFTH CONGRESS FIRST SESSION Friday, November 18, 2011 Serial No. 112-85 Printed for the use of the Committee on Natural Resources ( Available via the World Wide Web: http://www.fdsys.gov or Committee address: http://naturalresources.house.gov U.S. GOVERNMENT PRINTING OFFICE 71-539 PDF WASHINGTON : 2013 For sale by the Superintendent of Documents, U.S. Government Printing Office Internet: bookstore.gpo.gov Phone: toll free (866) 512–1800; DC area (202) 512–1800 Fax: (202) 512–2104 Mail: Stop IDCC, Washington, DC 20402–0001 VerDate Nov 24 2008 13:06 Mar 12, 2013 Jkt 000000 PO 00000 Frm 00001 Fmt 5011 Sfmt 5011 L:\DOCS\71539.TXT Hresour1 PsN: KATHY COMMITTEE ON NATURAL RESOURCES DOC HASTINGS, WA, Chairman EDWARD J. MARKEY, MA, Ranking Democratic Member Don Young, AK Dale E. Kildee, MI John J. Duncan, Jr., TN Peter A. DeFazio, OR Louie Gohmert, TX Eni F.H. Faleomavaega, AS Rob Bishop, UT Frank Pallone, Jr., NJ Doug Lamborn, CO Grace F. Napolitano, CA Robert J. Wittman, VA Rush D. Holt, NJ Paul C. Broun, GA Rau´ l M. Grijalva, AZ John Fleming, LA Madeleine Z. -
Estonian Electricity System Security of Supply Report 2019
ESTONIAN ELECTRICITY SYSTEM SECURITY OF SUPPLY REPORT 2019 Tallinn 2019 FOREWORD Where will electricity come from in Estonia in 2030? I have recently often been asked where electricity will come from if the Narva power plants are closed. It is clear that transmission lines do not generate electricity and, to generate electricity, there has to be a power plant somewhere on the same electricity market. In addition, sufficient connections from the power plant to consumption have to be built to transport electricity from and to consumers. Let it immediately be said that the Estonian electricity system has for a long time already no longer only been based on the Narva power plants and, bearing in mind our climate goals, the future of the security of electricity supply in Estonia is not oil shale-fired power plants. Even if the regrettable malfunction at the Balti substation near Narva in May had had an impact on the operation of the power plants of Eesti Energia, it did not pose any risk to the operation of the Estonian electricity system as a whole. The risk of one producer, one power plant, to the security of electricity supply in Estonia has reduced to an acceptable level by today. In Estonia, the consumption has recently been near 800 MW, of which that generated in Narva accounts for approximately 400 MW. Thus, the Estonian consumer’s security of electricity supply has to be analysed considering a more comprehensive picture of electricity generation and transmission lines than only Eesti Energia’s power plants or Estonia. We do that in everyday close cooperation with other electricity suppliers in Europe. -
ELERING AS (Incorporated As a Public Limited Liability Company Under the Laws of the Republic of Estonia) €225,000,000 0.875 Per Cent
PROSPECTUS ELERING AS (incorporated as a public limited liability company under the laws of the Republic of Estonia) €225,000,000 0.875 per cent. Notes due 2023 Issue price: 99.907 per cent. The €225,000,000 0.875 per cent. Notes due 2023 (the "Notes") are issued by Elering AS (the "Issuer"). The Issuer may, at its option, redeem all, but not some only, of the Notes at any time (i) at par plus accrued interest, in the event of certain tax changes, or (ii) at the Relevant Early Redemption Amount (as defined in, and all as further described under "Terms and Conditions of the Notes - Redemption and Purchase"). In addition, upon the occurrence of a change of control of the Issuer and, in certain circumstances, a related ratings downgrade (as further described under "Terms and Conditions of the Notes - Redemption at the Option of the Holders on a Change of Control") holders of the Notes may require the Issuer to redeem or, at the option of the Issuer, purchase (or procure the purchase of) the Notes at par plus accrued interest. The Notes mature on 3 May 2023. This document has been approved by the United Kingdom Financial Conduct Authority, in its capacity as the United Kingdom competent authority (the "UK Listing Authority") for the purposes of Directive 2003/71/EC, as amended (the "Prospectus Directive") and relevant implementing measures in the United Kingdom, as a prospectus issued in compliance with the Prospectus Directive and relevant implementing measures in the United Kingdom for the purpose of giving information with regard to the issue of the Notes. -
Eesti Energia Interim Report
Eesti Energia Interim Report 1.4.2005 – 31.3.2006 Contents OVERVIEW 3 OPERATING RESULTS 5 INVESTMENTS 6 DEBT 7 SHORT-TERM OUTLOOK 8 DEFINITIONS 9 NOTES 10 FINANCIAL TABLES 11 2 Overview 1.4.2005- 1.4.2004- Change Key financial figures 31.3.2006 31.3.2005 Revenues, € th. 533 549 397 420 136 129 34,3% incl. domestic sales of electricity 315 914 284 310 31 604 11,1% EBITDA, € th. 264 998 148 983 116 015 77,9% EBIT, € th. 165 218 61 365 103 853 169,2% Net Profit, € th. 135 796 42 870 92 926 216,8% Net Fixed Assets, € th.1 1 252 427 1 199 979 52 447 4,4% Equity, € th.1 971 508 840 110 131 397 15,6% Net Debt, € th.1 195 879 268 675 - 72 795 -27,1% CAPEX, € th. 152 722 159 891 - 7 169 -4,5% FFO, € th. 235 848 127 697 108 151 84,7% Debt/(Debt+Equity)1 26,2% 26,9% -0,7% ROIC 14,4% 5,5% 8,9% EBITDA interest cover 8,9 8,1 0,8 FFO/Net Debt1 120,4% 47,5% 72,9% FFO/Interest Expense 7,9 7,0 1,0 FFO/Capex 152,1% 79,9% 72,3% EBITDA margin 49,7% 37,5% 12,2% EBIT margin 31,0% 15,4% 15,5% 1 - balance sheet figures are end of period Eesti Energia’s the most significant event in the FY 2 005/06 was the start of the building process of the Estonian – Finnish subsea cable Nordic Energy Link. -
Annual Report 2018
Annual report 2018 We contribute to making the world a cleaner place 1 Large-scale energy production 35 Cash flows 94 Contents Network services 42 Investment 97 Development projects 46 Financing 100 Eesti Energia at a glance 3 We protect the environment 49 Outlook for 2019 104 80 years of innovative Eesti Energia 7 Our people 55 Chairman’s letter 11 We give back to society 59 Eesti Energia Highlights of 2018 15 Tax footprint 64 consolidated Operating environment 17 Corporate governance 67 financial Strategy 24 Risk management 79 statements 106 Customer services Financial results 27 83 Income statement 108 Statement of comprehensive income 109 Statement of financial position 110 Statement of cash flows 111 Renewable energy Statement of changes in equity 112 Notes to the financial statements 113 31 Revenue and EBITDA 84 Electricity 85 Independent auditor’s report 195 Distribution service 88 Profit allocation proposal 203 Shale oil 90 Glossary 205 Other products and services 92 Investor information 206 Eesti Energia 106 million euros: at a glance NET PROFIT for 2018 2.5 billion euros: INVESTMENTS 4 in the last BUSINESS LINES: 10 years customer services, renewable energy, large-scale energy production, network services 875 Established million euros: REVENUE in 1939 for 2018 5,763 6 employees* HOME MARKETS: Estonia, Latvia, Lithuania, Poland, Finland, Sweden 3 100% owner: REPUBLIC OF ESTONIA * number of employees at 31 December 2018. 8 5 6 7 2 3 9 1 4 4 BUSINESS LINES LARGE-SCALE ENERGY PRODUCTION: 1. Oil shale mines I 2. Thermal power plants I 3. Oil plants NETWORK SERVICES: 8.